Mumbai 2.0″ is poised to ease the burden on Mumbai, the financial capital. The property market in Mumbai’s neighboring city, Navi Mumbai, has seen a 23% surge. Following the Atal Setu, Navi Mumbai Airport is now poised to provide a major boost to the neighboring city. This historic moment, the successful landing of the first commercial aircraft at Navi Mumbai Airport, will prove to be a major gateway to Mumbai 2.0.
While Mumbai and Thane have seen a decline in flat sales, neighboring Navi Mumbai is seeing a 23% jump in housing sales. Apartment sales declined 3% in Greater Mumbai and 6% in Thane in 2024 compared to the previous year, Navi Mumbai saw a healthy 23% increase
Navi Mumbai has now become one of India’s fastest-growing real estate markets. Rapid infrastructure development, metro connectivity, and the construction of the Navi Mumbai International Airport (NMIA) make it a golden opportunity for home buyers and investors .
Navi Mumbai International Airport (NMIA): The inauguration of the first phase has directly triggered a rise in demand and prices, especially in areas like Panvel, where prices have surged significantly since 2020. The airport is also expected to create commercial hubs and employment, further driving residential demand
Atal Setu (Mumbai Trans Harbour Link)https://aayushrealtors.com/: This sea bridge has drastically improved connectivity between Navi Mumbai and South Mumbai, making the region more attractive for homebuyers and investors by reducing travel times
Future growth: Experts forecast a further 10-15% price increase over the next 2-3 years, supported by ongoing infrastructure development and the establishment of a more complete commercial and business district in Navi Mumbai.
